Key Insights of Canned Motor Pumps Market Covering Prime Factors and Competitive Outlook till 2026

Posted on 2018-07-06 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jul-06 — /EPR Network/ — The global market of canned motor pumps is expected to reflect a robust growth attributed to increased production in the automotive industry. With the growing need for centrifugal pumps equipped with advanced features such as noise reduction and reduced costs of the life cycle, demand for the canned motor pumps will continue to persist. As compared to the conventional centrifugal and magnetic pumps, canned motor pumps are being considered as a safe and effective alternative. In addition, implementation of stringent government regulations regarding health and safety on the chemical and petrochemical plants is further likely to impact the growth of the global market. In order to offer enhanced customer experience, leading manufacturers are focusing on offering canned motor pumps that are deprived of shaft sealing and have leakage-free features.

The scope of the FactMR report provides the readers unbiased and accurate insights, and analysis of the global canned motor pumps market. Major automotive journals and trade magazines can significantly benefit from the comprehensive analysis offered in this report. In addition, in-depth insights offered in this report can benefit suppliers, manufacturers, and stakeholders.

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Canned motor pumps are advanced centrifugal pumps with an electric motor hermetically-sealed and mounted on a single shaft, which in turn eliminates the requirement for mechanical seals. The entire rotating assembly of canned motor pumps is immersed in liquid, with motor stator and rotor isolated from pumped liquid by using a corrosion-resistant non-magnetic sleeve and liner.

The FactMR report discusses important growth prospects regarding the global canned motor pumps market over the forecast period, 2017-2026. High operational efficacy and safety, eco-friendliness, lower costs related to the life cycle, and significant reduction of noise are a few features attributed to which demand for canned motor pumps will continue to remain high in the global market. Leading manufacturers are concentrating on incorporating innovative features such as corrosion-resistant and leak-proof features.

Nuclear power answers several stakes such as the essentiality to reduce CO2 emissions for preventing climate changes, the requirement to cater electricity demand, and the need to strengthen strategic independence. Emerging powers of the globe, India and China, have emphasized on the matter and have been engaging in programs associated with nuclear energy development. Nuclear energy is used widely in France for generation of electricity. The awareness is gradually spreading across other developed and developing countries as well. However, nuclear energy involves handling of radioactive substances, thereby creating demand for measures to protect surroundings through secure installations. In addition the conventional centrifugal pumps utilized in nuclear generation plant involve the risk of leakage. Canned motor pumps therefore are being deemed as worthy alternatives to these pumps. Canned motor pumps have huge potential for adoption, as emphasis on nuclear energy keeps surging across the globe.

Global Canned Motor Pumps Market: Overview

This section of the Fact.MR report offers the readers in-depth insights on the overview of the global canned motor pumps market. The overview comprises a market introduction and a standard definition. The insights in this report also include year-on-year growth and market value to the clients and readers. The year-on-year growth provides the readers a broad view regarding the growth patterns in the global canned motor pumps market. Along with the year-on-year growth, the report further offers in-depth insights on microeconomic and macroeconomic factors that will continue to impact the growth of the global market throughout the forecast period.

Ongoing advancements in technology has led to a significant shift in the preferences of the potential customers. With the increasing preference for centrifugal pumps incorporated with advanced features such as leakage-proof and noise reduction, leading manufacturers are focusing on aligning with the growing requirements of the customers and integrating canned motor pumps in the automotive products. On the account of detailed insights on the latest trends pertaining to the pricing analysis, list of distributors, cost structure, and supply chain, major firms and clients can benefit and develop important business strategies.

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Global Canned Motor Pumps Market: Segmentation Analysis

In this section, the Fact.MR report offers crucial insights related to the major drivers, restraints, and trends that will continue to impact the growth of the global market on the perspectives of drivers, supply, and macroeconomic aspects. On the basis of these insights, the clients can make better decisions pertaining to the global canned motor pumps market.

In the last section, the Fact.MR report provides detailed insights regarding the competitive landscape in the global market and offers imperative insights pertaining to the leading market players and company analysis to the readers and clients. Through the competitive intelligence offered in this report, the readers and clients can benefit from the insights pertaining to the product offerings and key financials.

APEJ to Lead Global Canned Motor Pumps Market during 2017-2026

Abundant availability of resources and manpower at low cost in Asia-Pacific excluding Japan has made the region most remunerative for the canned motor pumps market. Asian manufacturers are continuously focusing on product differentiation and selling their products at competitive prices. Moreover various international vendors are outsourcing their production of canned motor pumps to APEJ in a bid to leverage from the low-cost manufacturing facilities. In terms of revenues as well as volume sales, APEJ will lead the global canned motor pumps market during the forecast period, trailed by Europe and North America.

Small capacity canned motor pumps will continue to account for the largest revenue share of the market, with sales forecast to exceed 3,000 Mn units by 2026-end. Demand for medium and high capacity canned motor pumps will also remain significant over the forecast period.

Competition Tracking

Fact.MR’s report has identified prominent companies contributing to the market expansion significantly. These companies include Subaru Corporation, Ryobi Limited, Lifan Industry (Group) Co., Ltd., Briggs & Stratton Corporation, Wuxi Kipor Power Co. Ltd., Toshiba Corporation, Hyundai Motor Company, Champion Power Equipment, Inc., Generac Holdings Inc., Yamaha Motor Co., Ltd., and Honda Motor Co., Ltd.

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